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Recovery in UK renovation activity very attractive for construction firms, says broker Companies Analysts at Berenberg said the renovation-maintenance-improvement market has “recovered sharply” from the initial Coronavirus lockdown last year Renovation activity in the UK has “recovered sharply” since the initial Coronavirus lockdown in the second quarter of last year, according to analysts at Berenberg, who added that the market remained “attractive…in the near and mid-term” for the UK’s construction firms. In a note on Tuesday, the broker said current trends in the renovatio...

The group has appointed Rothschild & Co to undertake a review of some subsidiaries Grafton Group PLC (LON:GFTU) said it appointed advisor Rothschild & Co to undertake a review of some of its traditional merchanting businesses in the UK. The building materials distributor and DIY retailer said it may result in the sale of some or all of these subsidiaries. The review will focus on Buildbase, Civils & Lintels, PDM Buildbase, The Timber Group, Bathroom Distribution Group and NDI businesses. In the final results published in February, the FTSE 250 group said UK trading had been hit by the pandemi...